Common use of Automatic Exercise Clause in Contracts

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company’s Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company’s Warrant Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.8, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company’s Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To Immediately before the expiration or termination of this Warrant, to the extent this Warrant is not previously exercised, and if the fair market value Fair Market Value of one share of the Company’s Common Stock subject to this Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, then in effect as adjustedadjusted pursuant to this Warrant, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof (above, even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share Fair Market Value of the Company’s Warrant Common Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 2.2 (b) above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.8Section, the Company agrees to promptly notify Holder within a reasonable period of time the Warrantholder of the number of shares of the Company’s Warrant StockShares, if any, Holder the holder hereof is to receive by reason of such automatic exercise.

Automatic Exercise. To Immediately before the expiration or termination of this Warrant, to the extent this Warrant is not previously exercised, and if the fair market value Fair Market Value of one share of the Company’s Common Stock subject to this Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, then in effect as adjustedadjusted pursuant to this Warrant, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof (above, even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share Fair Market Value of the Company’s Warrant Common Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 2.2 (b) above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.8Section, the Company agrees to promptly notify Holder within a reasonable period of time the Warrantholder of the number of shares of the Company’s Warrant StockShares, if any, Holder the Warrantholder hereof is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercisedexercised as to all of the Warrant Shares subject hereto, and if the fair market value Fair Market Value of one share of the Company’s Warrant Stock issuable hereunder Share (at such measurement date) is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised pursuant to a cashless exercise under and in accordance with Section 2.2 hereof 1.2 (even if not surrendered) immediately before its expiration. For purposes of such automatic exercisethis Section 10.6, the fair market value Fair Market Value of one share of the Company’s Warrant Stock upon such expiration Share shall be the fair market value determined pursuant to Section 2.3 above1.2. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.810.6, the Company agrees promptly to notify the Holder within a reasonable period of time in writing of the number of shares of the Company’s Warrant StockShares, if any, the Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company’s 's Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company’s 's Warrant Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.8, 2.8 the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company’s 's Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company’s Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company’s Warrant Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.8, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company’s Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company’s Warrant 's Preferred Stock issuable hereunder is greater than the Warrant Exercise Price, as adjustedPrice then in effect, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof 2.3 below (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company’s Warrant 's Preferred Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above2.3(b) below. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.82.2, the Company agrees to promptly notify Holder within a reasonable period of time the holder hereof of the number of shares of the Company’s Warrant StockShares, if any, Holder the holder hereof is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company’s 's Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company’s Warrant Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.8, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company’s 's Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not ------------------ previously exercised, and if the fair market value of one share of the Company’s Warrant 's Series C Preferred Stock issuable hereunder is greater than the Warrant Exercise Price, as adjustedPrice then in effect, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof 2.3 below (even if not surrendered) at such time that is immediately before its expirationprior to the expiration of this Warrant. For purposes of such automatic exercise, the fair market value of one share of the Company’s Warrant 's Series C Preferred Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above2.3(b) below. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.82.2, the Company agrees to promptly notify Holder within a reasonable period of time Quantum of the number of shares of the Company’s Warrant StockShares, if any, Holder Quantum is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously ------------------ exercised, and if the fair market value of one share of the Company’s Warrant 's Series D Preferred Stock issuable hereunder is greater than the Warrant Exercise Price, as adjustedPrice then in effect, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof 2.3 below (even if not surrendered) at such time that is immediately before its expirationprior to the expiration of this Warrant. For purposes of such automatic exercise, the fair market value of one share of the Company’s Warrant 's Series D Preferred Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above2.3(b) below. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.82.2, the Company agrees to promptly notify Holder within a reasonable period of time Quantum of the number of shares of the Company’s Warrant StockShares, if any, Holder Quantum is to receive by reason of such automatic exercise.